It doesn't seem that complicated to me. The stocks were down because people thought Title II might be happening. (rate regulation, tariffs, last mile unbundlin

It doesn't seem that complicated to me. The stocks were down because people thought Title II might be happening. (rate regulation, tariffs, last mile unbundling). But it's not. Wheeler claims he's going to re-define (modernize) Title II, so it's no longer contains the useful pieces (rate regulation, tariffs, last-mile unbundling). Since these monopolies are now being blessed by the Feds, there's almost-zero risk that these providers will ever loose money. The stock jumped to reflect this.